Chubb CEO O'Hare Saw Salary
And Bonus Decline 22% in 1998

a Wall Street Journal Staff Reporter

Updated March 25, 1999 3:59 a.m. ET

WARREN, N.J. -- Chubb Corp. Chairman and Chief Executive Dean R. O'Hare received about $2.1 million in salary and bonus in 1998, a 22% drop from the previous year. The decline was largely due to underwriting losses, to which Mr. O'Hare's bonus is linked, a spokesman said.

According to a proxy filed with the Securities and Exchange Commission, Mr. O'Hare was paid $2,066,084 in 1998, which included a bonus of $850,000. A year earlier,...